Fannie Mae-No Politics (FNMA)

[Robert from yahoo bd]

Just as GSE Shareholders had 30 days to challenge the CONservatorships in court, so too, according to the NY Times today, do the AT1 Bondholders to recover their $17.2B in AT1 Bonds:

"The law firms Quinn Emmanuel and Parras Partners are vying to represent specialist investors like Centerbridge and Davidson Kempner, as well as traditional fund managers like Pimco and Invesco. But they don't have long to argue their point: Action needs to be taken within 30 days of the deal, according to people familiar with the process."